GMV 0.00% 3.9¢ g medical innovations holdings limited

agree the $85 only happens when end user use the product and...

  1. 193 Posts.
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    agree the $85 only happens when end user use the product and send the sample back to lab. But I don’t think they need Guthy Renker to promote the product. PCR and antigen test kits are something new in the market. I doubt someone will care what brand it is as long as it is relatively cheap and doing the job. Does anyone know a PCR brand they will choose? I just went to pharmacy and bought any RAT test i could fine, i did not even bother to ask what price it is and paid whatever price it was. Given demand for test kit is high I’m sure retailers won’t have a problem selling it like hot buns.
    if I understood the announcement correctly. GMv is selling it to retailers for gross profit 7m. Mcdade is doing the distribution. Once retailers sell the product and user use it that when $85 kick in.

    question is, can GMV deliver? Given the timeline is end of Jan and another order is coming in. We will soon find out but i have a feeling this is different from selling prizma.

 
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